Wall Street Zen Downgrades Sila Realty Trust (NYSE:SILA) to Sell

Key Points

• Wall Street Zen downgraded Sila Realty Trust (NYSE:SILA) from a "hold" to a "sell," though the MarketBeat consensus still sits at "Hold" with an average price target of $29.00.
• SILA reported a sharp quarterly EPS miss of $0.09 versus $0.55 expected while revenue was roughly in line; the stock trades near its 52‑week high (~$30.41) with a PE of 52.4 and a $1.68 billion market cap.
• Several institutional investors — including Principal, Segall Bryant & Hamill, Envestnet and JPMorgan — have recently initiated or increased stakes, showing continued hedge fund interest despite mixed analyst views.

Sila Realty Trust (NYSE:SILA - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

Several other equities analysts also recently commented on SILA. Freedom Capital downgraded Sila Realty Trust from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Wells Fargo & Company upped their price objective on Sila Realty Trust from $25.00 to $30.00 and gave the company an "equal weight" rating in a research report on Tuesday. Zacks Research raised Sila Realty Trust to a "hold" rating in a research report on Tuesday, March 3rd. BNP Paribas Exane reaffirmed a "neutral" rating and issued a $31.00 price objective (up from $28.00) on shares of Sila Realty Trust in a research report on Tuesday. Finally, Truist Financial set a $28.00 price objective on Sila Realty Trust in a research report on Wednesday, March 11th. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Sila Realty Trust currently has a consensus rating of "Hold" and an average price target of $29.00.

Sila Realty Trust Stock Performance

NYSE:SILA opened at $30.41 on Friday. The stock's fifty day moving average is $25.28 and its 200 day moving average is $24.26. Sila Realty Trust has a fifty-two week low of $21.94 and a fifty-two week high of $30.55. The firm has a market capitalization of $1.68 billion, a PE ratio of 52.42 and a beta of 0.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 1.17.

Sila Realty Trust (NYSE:SILA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.46). The business had revenue of $50.70 million during the quarter, compared to the consensus estimate of $50.26 million. Sila Realty Trust had a net margin of 16.36% and a return on equity of 2.39%. On average, sell-side analysts anticipate that Sila Realty Trust will post 2.24 earnings per share for the current year.

Hedge Funds Weigh In On Sila Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new stake in shares of Sila Realty Trust during the 3rd quarter worth $1,081,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Sila Realty Trust during the 3rd quarter worth $1,095,000. Envestnet Asset Management Inc. lifted its stake in shares of Sila Realty Trust by 21.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 236,344 shares of the company's stock worth $5,932,000 after purchasing an additional 41,127 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Sila Realty Trust by 80.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 221,264 shares of the company's stock worth $5,554,000 after purchasing an additional 98,662 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Sila Realty Trust by 171.4% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,403 shares of the company's stock worth $2,294,000 after purchasing an additional 57,722 shares during the last quarter.

Sila Realty Trust Company Profile

Sila Realty Trust, Inc, headquartered in Tampa, Florida, is a net lease real estate investment trust with a strategic focus on investing in the large, growing, and resilient healthcare sector. The Company invests in high quality healthcare facilities along the continuum of care, which, we believe, generate predictable, durable, and growing income streams. Our portfolio comprises high quality tenants in geographically diverse facilities, which are positioned to capitalize on the dynamic delivery of healthcare to patients.

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